Needham Rates CECO Environmental (CECO) buy, $110 Price Target

CECO Environmental Corp. gets a Buy rating from Needham with a $110 price target, suggesting potential growth as the stock trades at $96.44, a 14.05% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:16 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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Needham rated CECO Environmental Corp. ($CECO) "buy" with a $110 price target on June 10, 2026.

Since the rating, $CECO is up 2.4% after 1 week, down 9.4% after 1 month and down 38.5% to date (from the $92.29 close on Jun 10, 2026).

CECO CECO Environmental Corp.

$56.72 -5.13% year to date

Daily close · Oct 16, 2026

Key Points

On June 10, 2026, Needham reiterated its Buy rating on CECO Environmental Corp. with a price target of $110.
Needham's $110 price target implies 14.05% upside from CECO Environmental Corp.'s ($CECO) current $96.44 share price.
CECO stock trades at $96.44, down from a previous close of $69.48, indicating a significant gap to the target price.
The consensus target price among analysts is approximately $109.14, with seven analysts offering ratings on the stock.

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Needham Maintains Buy Rating on CECO Environmental

Needham has reiterated its Buy rating on CECO Environmental Corp. (NasdaqGS: CECO) with a price target of $110. This rating comes as the stock currently trades at $96.44, reflecting confidence in the company’s growth potential despite its recent trading range.

What Changed in the Position

Needham's action comes without a percent change since they have maintained the same target of $110. The stock's closing price on the previous day was $69.48, which suggests an increase in value and interest in the stock.

Institutional Insights

No other institutional funds have made recent changes in positions related to CECO, leaving Needham's reaffirmation as a standout in recent coverage. This lack of activity could suggest a wait-and-see approach from other investors amid the ongoing evaluation of CECO's growth prospects.

How CECO Stock Has Traded

CECO Environmental is currently trading at $96.44, up from $69.48, indicating that the stock has seen a noticeable rise recently. This performance is significant as it sets the stage for potential growth towards the $110 target. The stock is still below its 52-week high of $101.24, suggesting it may have room to grow further.

12-month forecast

$CECO price target

CECO Environmental Corp. daily closes and this analyst's $110 target. Not advice.

Recent Earnings

CECO reported revenue of approximately $903.2 million, showing a revenue growth rate of 53.7%, but the company reported negative earnings with an EPS of -$0.76. The next earnings date is scheduled for October 27, 2026, which could provide further context on its financial health and operational performance.

Analysts Set New Price Targets

On October 13, 2026, JP Morgan maintained its Overweight rating on CECO with a revised price target of $110, down from $130. Earlier, on August 11, 2026, Needham reiterated its Buy rating with the same $110 target, while TD Cowen initiated coverage with a Buy rating and a target of $85 on August 5, 2026. This suggests mixed sentiments, but overall analyst opinions remain positive toward CECO.

About CECO Environmental

CECO Environmental Corp. focuses on providing solutions for air quality control, water treatment, and other industrial processes across various sectors, including automotive, food and beverage, and energy. The company's expertise in emissions management and pollution control is critical as industries increasingly focus on sustainability and regulatory compliance.

What's Ahead for CECO

Investors should watch for CECO's upcoming earnings report on October 27, 2026, which may shed light on the company's performance and future prospects. Additionally, the ongoing analyst ratings can provide insights into market sentiment as CECO continues to navigate its operational landscape.